Grenada's PPG, private creditors (NFL, current US$) was −US$4.58 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 58.22% from −US$10.97 million in 2019.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$4.58 million | 2024 |
| Five years earlier | −US$10.97 million | 2019 |
| Highest | US$99.52 million | 2002 |
| Lowest | −US$17.6 million | 2021 |
| Average since 2015 | −US$9.29 million | 2015–2024 |
| First recorded | US$5.56 million | 1970 |
Over five years it is up 58.22% from −US$10.97 million in 2019. Since 1970 it is down 182.38% from US$5.56 million in 1970. The World Bank has no value for 10 of the years in between; the chart leaves those gaps open rather than joining across them.
What the numbers say
In 2024, Grenada's PPG, private creditors (NFL, current US$) rose US$6.35 million on 2023 (from −US$10.94 million to −US$4.58 million).
Across the 30 yearly changes before that (1987 to 2023), the average change was −US$201,200 and a typical year strayed about US$31.66 million from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$103.22 million in 2002 and the biggest yearly fall was US$94.71 million in 2003. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Grenada had the 58th highest value of the 95 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Grenada | −US$4.58 million | 2024 |
| Upper middle income | US$64.14 billion | 2024 |
Closest to Grenada in the 2024 ranking
What this measures
Public and publicly guaranteed debt from private creditors include bonds that are either publicly issued or privately placed; commercial bank loans from private banks and other private financial institutions; and other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 45 values
| Year | PPG, private creditors (NFL, current US$) |
|---|---|
| 2024 | -4,583,000 |
| 2023 | -10,935,000 |
| 2022 | -3,005,000 |
| 2021 | -17,598,000 |
| 2020 | -10,561,000 |
| 2019 | -10,970,000 |
| 2018 | -11,742,000 |
| 2017 | -11,506,000 |
| 2016 | -10,976,000 |
| 2015 | -1,069,000 |
| 2014 |
PPG, private creditors (NFL, current US$) in nearby economies
- Argentina — US$3.64 billion (2024)
- Belize — −US$6.48 million (2024)
- Bolivia — −US$9.51 million (2024)
- Brazil — US$7.53 billion (2024)
- Colombia — US$3.2 billion (2024)
- Dominica — −US$11.63 million (2024)
- Dominican Republic — US$1.41 billion (2024)
- Ecuador — US$208.87 million (2024)
- El Salvador — US$1.25 billion (2024)
- Guatemala — US$1.4 billion (2024)
More economic policy & debt data for Grenada
- Total reserves, including gold (current US$) — US$408.15 million (2025)
- Total reserves, excluding gold (current US$) — US$408.15 million (2025)
- External debt stocks, total (DOD, current US$) — US$863.28 million (2024)
- External debt stocks, long-term (DOD, current US$) — US$786.99 million (2024)
- External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) — US$786.99 million (2024)
- Short-term debt (% of total external debt) — 1.82% (2024)
- Net financial flows, bilateral (NFL, current US$) — US$6.5 million (2024)
- IFC, private nonguaranteed (NFL, current US$) — US$0 (2024)
- PPG, official creditors (NFL, current US$)
Reading data like this
Questions people ask
- What is Grenada's PPG, private creditors (NFL, current US$)?
- −US$4.58 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is down 182.38% from US$5.56 million in 1970. The highest value was US$99.52 million in 2002 and the lowest −US$17.6 million in 2021.
- How does Grenada rank?
- 58th highest of 95 economies with data for 2024.
- Is the latest change in PPG, private creditors (NFL, current US$) unusual for Grenada?
- In 2024, Grenada's PPG, private creditors (NFL, current US$) rose US$6.35 million on 2023 (from −US$10.94 million to −US$4.58 million). Across the 30 yearly changes before that (1987 to 2023), the average change was −US$201,200 and a typical year strayed about US$31.66 million from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.NFL.PRVT.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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